Compass Diversified (NYSE:CODI) Holdings Raised by Essex Financial Services Inc.

Essex Financial Services Inc. raised its stake in shares of Compass Diversified (NYSE:CODI) by 20.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,302,174 shares of the financial services provider’s stock after acquiring an additional 218,394 shares during the period. Compass Diversified comprises about 1.3% of Essex Financial Services Inc.’s investment portfolio, making the stock its 8th biggest position. Essex Financial Services Inc.’s holdings in Compass Diversified were worth $27,372,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. HHM Wealth Advisors LLC acquired a new position in shares of Compass Diversified in the 2nd quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Compass Diversified in the second quarter worth about $53,000. Ridgewood Investments LLC purchased a new stake in shares of Compass Diversified during the 2nd quarter worth about $55,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Compass Diversified during the 2nd quarter valued at about $137,000. Finally, Van ECK Associates Corp grew its position in shares of Compass Diversified by 20.4% during the 2nd quarter. Van ECK Associates Corp now owns 7,571 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 1,285 shares during the period. Institutional investors and hedge funds own 72.73% of the company’s stock.

Insider Transactions at Compass Diversified

In related news, insider Patrick A. Maciariello purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were purchased at an average cost of $21.87 per share, with a total value of $109,350.00. Following the purchase, the insider now owns 228,518 shares of the company’s stock, valued at $4,997,688.66. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Compass Diversified news, insider Ryan J. Faulkingham bought 2,000 shares of the stock in a transaction on Monday, August 5th. The shares were bought at an average price of $20.17 per share, with a total value of $40,340.00. Following the purchase, the insider now directly owns 35,950 shares in the company, valued at $725,111.50. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Patrick A. Maciariello bought 5,000 shares of Compass Diversified stock in a transaction dated Friday, September 20th. The stock was acquired at an average price of $21.87 per share, with a total value of $109,350.00. Following the completion of the transaction, the insider now directly owns 228,518 shares of the company’s stock, valued at approximately $4,997,688.66. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.76% of the company’s stock.

Compass Diversified Stock Performance

NYSE CODI opened at $20.55 on Friday. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 120.88, a PEG ratio of 1.38 and a beta of 1.67. The stock has a 50-day moving average of $21.38 and a 200 day moving average of $21.95. The company has a current ratio of 4.18, a quick ratio of 1.65 and a debt-to-equity ratio of 1.48. Compass Diversified has a twelve month low of $16.88 and a twelve month high of $25.07.

Compass Diversified (NYSE:CODI) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.39. Compass Diversified had a return on equity of 11.94% and a net margin of 4.82%. The business had revenue of $542.60 million during the quarter, compared to the consensus estimate of $550.45 million. Sell-side analysts anticipate that Compass Diversified will post 1.9 EPS for the current fiscal year.

Compass Diversified Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 17th were given a $0.25 dividend. The ex-dividend date was Thursday, October 17th. This represents a $1.00 annualized dividend and a dividend yield of 4.87%. Compass Diversified’s dividend payout ratio (DPR) is 588.24%.

Compass Diversified Company Profile

Compass Diversified is a private equity firm specializing in add on acquisitions, buyouts, industry consolidation, recapitalization, late stage and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, healthcare, safety & security, electronic components, food and foodservice.